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In the latest session, Gap, Inc. (NYSE: GPS) closed at $23.00 down -1.16% from its previous closing price of $23.27. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 4.71 million shares were traded. GPS stock price reached its highest trading level at $23.28 during the session, while it also had its lowest trading level at $22.855.
Ratios:
For a deeper understanding of Gap, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 1.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on June 25, 2024, Upgraded its rating to Buy and sets its target price to $30 from $28 previously.
On May 31, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $22 to $29.
Citigroup Upgraded its Neutral to Buy on May 07, 2024, whereas the target price for the stock was revised from $21 to $28.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 01 ’24 when Gardner Tracy sold 2,934 shares for $23.48 per share. The transaction valued at 68,890 led to the insider holds 51,901 shares of the business.
Barbeito Horacio sold 198 shares of GPS for $4,923 on Jun 24 ’24. The President & CEO, Old Navy now owns 0 shares after completing the transaction at $24.81 per share. On Jun 03 ’24, another insider, Gruber Julie, who serves as the Chief Legal&Compliance Officer of the company, sold 74,252 shares for $30.00 each. As a result, the insider received 2,227,560 and left with 1,384 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPS now has a Market Capitalization of 8727810048 and an Enterprise Value of 12395532288. As of this moment, Gap,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.81, and their Forward P/E ratio for the next fiscal year is 12.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 3.19. Its current Enterprise Value per Revenue stands at 0.826 whereas that against EBITDA is 9.455.
Stock Price History:
The Beta on a monthly basis for GPS is 2.38, which has changed by 1.6166098 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, GPS has reached a high of $30.75, while it has fallen to a 52-week low of $8.58. The 50-Day Moving Average of the stock is -0.78%, while the 200-Day Moving Average is calculated to be 17.51%.
Shares Statistics:
For the past three months, GPS has traded an average of 8.27M shares per day and 5192080 over the past ten days. A total of 372.00M shares are outstanding, with a floating share count of 222.74M. Insiders hold about 40.61% of the company’s shares, while institutions hold 61.26% stake in the company. Shares short for GPS as of 1718323200 were 31513506 with a Short Ratio of 3.81, compared to 1715731200 on 34131513. Therefore, it implies a Short% of Shares Outstanding of 31513506 and a Short% of Float of 16.18.
Dividends & Splits
According to the company, the forward annual dividend rate for GPS is 0.60, from 0.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.025784273The stock’s 5-year Average Dividend Yield is 4.21. The current Payout Ratio is 44.94% for GPS, which recently paid a dividend on 2024-04-09 with an ex-dividend date of 1720569600. Stock splits for the company last occurred on 1999-06-22 when the company split stock in a 3:2 ratio.
